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Mar 19, 2013
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the simpson-bowles commission set a 10-year deficit reduction goal as the amount of deficit reduction we needed to get our budget under control. the c.b.c. does not endorse the specific recommendations of that goal, but our budget does accept the overall spending limitations the deficit reduction goals. based on most analysis, we have already passed and the president has signed into law approximately $2.4 trillion in deficit reduction through 2022, not including the sequester and to reach the goal, we need an additional $1.6 trillion in deficit reduction. so working off the c.b.o.'s baseline, we first instruct the ways and means committee to enhance receive news by $2.7 trillion over the next 10 years. that is not an extraordinary figure. just a few weeks ago, we passed a $3.9 trillion extension in tax cuts. so going back over that and coming up with $2.7 trillion is within the realm of possibility. we just don't make the number up. we show $4.2 trillion in possible options in coming up with the $2.7 trillion. that would include limiting the deductibility of corporate interest payment
the simpson-bowles commission set a 10-year deficit reduction goal as the amount of deficit reduction we needed to get our budget under control. the c.b.c. does not endorse the specific recommendations of that goal, but our budget does accept the overall spending limitations the deficit reduction goals. based on most analysis, we have already passed and the president has signed into law approximately $2.4 trillion in deficit reduction through 2022, not including the sequester and to reach the...
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Mar 26, 2013
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the deficit has always been a canard. when you're in office, you don't take that much notice of the deficit. it's not number one priority. when you're out of office, it's a way to hit the people who are in office. >> i think that's a good point, lee, it isn't lost on me and i don't think it's lost on many people that when people like paul ryan talk about cutting the deficit. they always want to do so by going after programs they're ideologically opposed to. programs for feeding seniors, feeding children, cutting the department of education. they don't want to cut the deficit, they want to do it to get rid of programs they don't like. >> it's killing two birds with one stone. jared makes a great point. the way things are supposed to work is when we come out of these recessions we're supposed to grow and everything is supposed to get better. that's not happening yet. not happening yet and we have at the same time the incredible income inch quality issue. whatever you think about the tax cuts, when you have a middle class th
the deficit has always been a canard. when you're in office, you don't take that much notice of the deficit. it's not number one priority. when you're out of office, it's a way to hit the people who are in office. >> i think that's a good point, lee, it isn't lost on me and i don't think it's lost on many people that when people like paul ryan talk about cutting the deficit. they always want to do so by going after programs they're ideologically opposed to. programs for feeding seniors,...
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Mar 20, 2013
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the deficit according to their budget in the year 2023, will be $5 6 billion. in contrast the budget that we will be offering will be surplus, surplus in 2023. will finally allow us to start paying down the debt. there are no reforms. no significant reforms at all. in medicare, medicaid, social security. how you can have a vision for this country going forward and not at least discuss possible, reasonable reforms to those programs is beyond even somehow it passed out of the senate committee. defense is cut by an additional quarter of a trillion dollars. a cut by an additional quarter of a trillion dollars over the sequester cuts we already had and over the reductions the defense department voluntarily took upon itself during the last budget process. i come before this body before, mr. chairman, and encouraged this body in a bipartisan fashion to look to the defense department as possible ways to save money. under the belief there must be some money in the defense department that can be saved in a responsible fashion. what the senate has done goes so far beyond
the deficit according to their budget in the year 2023, will be $5 6 billion. in contrast the budget that we will be offering will be surplus, surplus in 2023. will finally allow us to start paying down the debt. there are no reforms. no significant reforms at all. in medicare, medicaid, social security. how you can have a vision for this country going forward and not at least discuss possible, reasonable reforms to those programs is beyond even somehow it passed out of the senate committee....
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Mar 20, 2013
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our focus is on jobs and the jobs deficit as a way to tackle the budget deficit. with that, i'm pleased to yield three minutes to my colleague and friend from maryland, the distinguished whip, mr. hoyer. the chair: the gentleman is recognized for three minutes. without objection, so ordered. mr. hoyer: i first want to thank the ranking member for the work that he's done on this budget. that he offers us an alternative. it is a reasonable alternative that can be implemented. to that extent it's a stark difference to the majority's proposal which will not be implemented and they know it. let me start with an observation. headline blunt report says g.o.p. needs to regroup for 2016. in that there is this sentence from the report, not from a democrat, not from the newspaper, not from an editorial writer, quote, we have become expert, we being the republican party report, we have become expert in how to provide ideological reinforcement to like-minded people. with all due respect to my friend, mr. ryan, that's what his budget is. it is a vision. it is a vision that will
our focus is on jobs and the jobs deficit as a way to tackle the budget deficit. with that, i'm pleased to yield three minutes to my colleague and friend from maryland, the distinguished whip, mr. hoyer. the chair: the gentleman is recognized for three minutes. without objection, so ordered. mr. hoyer: i first want to thank the ranking member for the work that he's done on this budget. that he offers us an alternative. it is a reasonable alternative that can be implemented. to that extent it's...
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Mar 21, 2013
03/13
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managing our deficit in a credible way that will get our deficit under control, it builds on the deficit reductions we've already done, we have already done since we started this debate and simpson-bowles recommendations came out. we have already done $2.4 trillion in deficit reduction, $1.8 trillion in spending reductions, $600 billion in revenues. this is very similar to how the simpson-bowles proposal was made. you have a plausible baseline. i'm not going to get too technical about all this. you're not using smoke and mirrors. you're using a realistic baseline in order to do the deficit reduction. it's achievable. it's doable. it's credible. and you deal with tax expenditures. one more point about tax expenditures, senator coons, because you're exactly right. we have provisions in the spending programs of this country that invest in energy security, and that's subject to sequestration because it's an appropriation bill, but we have provisions in the tax code that gives special breaks to the oil and gas industry. these are expenditures. these are revenues that we're hemorrhaging. they
managing our deficit in a credible way that will get our deficit under control, it builds on the deficit reductions we've already done, we have already done since we started this debate and simpson-bowles recommendations came out. we have already done $2.4 trillion in deficit reduction, $1.8 trillion in spending reductions, $600 billion in revenues. this is very similar to how the simpson-bowles proposal was made. you have a plausible baseline. i'm not going to get too technical about all this....
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Mar 19, 2013
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the immoral idea that we are going to put more on our plate now, add up deficit after deficit and create a bigger and bigger debt and then make people who don't even exist yet pay for it. why is that political? because, you know what, mr. chair? the people in the here and now can vote. generations in the future, our grandkids who don't exist can't vote. and that's what makes the other approaches we have heard about immoral, wrong political. we balance. we balance within 10 years. let's contrast that a bit. our responsible approach to what the senate democrats have done, for example. next year alone the senate democrat budget increases spending by $162 billion above what we are spending today. over 10 years, increases the delebt by $7.3 trillion from today's levels despite a massive tax hike that they have. and it adds $1.5 trillion in new taxes. even after that, they still add to the debt, our kids' debt by $7.3 trillion. and again, mr. chair, it never balances. after four years and $6 trillion in debt since a budget was last even passed, the senate democrats' proposal leaves more debt a
the immoral idea that we are going to put more on our plate now, add up deficit after deficit and create a bigger and bigger debt and then make people who don't even exist yet pay for it. why is that political? because, you know what, mr. chair? the people in the here and now can vote. generations in the future, our grandkids who don't exist can't vote. and that's what makes the other approaches we have heard about immoral, wrong political. we balance. we balance within 10 years. let's contrast...
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Mar 20, 2013
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on the jobs deficit to help deal with the budget deficit. now, we also reduce the deficit in a steady, sustained way. we do it with balance. we do it with targeted cuts, but we also do it, mr. chairman, by eliminating some of the tax breaks and tax expenditures for very high-income individuals. we heard from governor romney and we heard from the chairman of the budget committee last fall and this year that there are trillions of dollars of tax expenditures that disproportionately benefit very wealthy people. so the republican plan, they said we'll get rid of your tax expenditures for high-income people, but we'll bring down your top rate. so in the end the folks at the top get a very big windfall. we say let's eliminate some of those tax breaks for very wealthy people in order to help reduce our deficit, so when you combine that savings with targeted cuts, you can reduce it in a balanced way rather than increasing the tax burden on the middle class which is what their budget will do. we also want to make sure we keep our commitments to our s
on the jobs deficit to help deal with the budget deficit. now, we also reduce the deficit in a steady, sustained way. we do it with balance. we do it with targeted cuts, but we also do it, mr. chairman, by eliminating some of the tax breaks and tax expenditures for very high-income individuals. we heard from governor romney and we heard from the chairman of the budget committee last fall and this year that there are trillions of dollars of tax expenditures that disproportionately benefit very...
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Mar 21, 2013
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the plan reduced the deficit through the balance approach that clued additional targets cuts and also revenue from closing a lot of the special interest tax breaks for very wealthy people, tax breaks which mitt romney and paul ryan talked been on the campaign trail. >> neil: they were without raising the overall rate. now we have the rates raised. so republicans talk of a need for a trigger. they might go along with this tax break stuff and all their closing the loopholes, that they did agree it's sort of wasting time and money and the tax code, but you guys have then got to, as part of the trigger, agree simultaneously to these cuts you talked about. what do you make of that? >> well, first of all, the difference is republicans have never said they're willing to close some of those tax loopholes for the purpose of reducing the deficit. which is what the bipartisan -- >> neil: i got a couple on you. i suspect no angel in the ranks of either party. but they did say that they would be open to closing these loopholes but without this being the only negotiating point on the part of democr
the plan reduced the deficit through the balance approach that clued additional targets cuts and also revenue from closing a lot of the special interest tax breaks for very wealthy people, tax breaks which mitt romney and paul ryan talked been on the campaign trail. >> neil: they were without raising the overall rate. now we have the rates raised. so republicans talk of a need for a trigger. they might go along with this tax break stuff and all their closing the loopholes, that they did...
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Mar 19, 2013
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on the jobs deficit to help deal with the budget deficit. now, we also reduce the deficit in a steady, sustained way. we do it with balance. we do it with targeted cuts, but we also do it, mr. chairman, by eliminating some of the tax breaks and tax expenditures for very high-income individuals. we heard from governor romney and we heard from the chairman of the budget committee last fall and this year that there are trillions of dollars of tax expenditures that disproportionately benefit very wealthy people. so the republican plan, they said we'll get rid of your tax expenditures for high-income people, but we'll bring down your top rate. so in the end the folks at the top get a very big windfall. we say let's eliminate some of those tax breaks for very wealthy people in order to help reduce our deficit, so when you combine that savings with targeted cuts, you can reduce it in a balanced way rather than increasing the tax burden on the middle class which is what their budget will do. we also want to make sure we keep our commitments to our s
on the jobs deficit to help deal with the budget deficit. now, we also reduce the deficit in a steady, sustained way. we do it with balance. we do it with targeted cuts, but we also do it, mr. chairman, by eliminating some of the tax breaks and tax expenditures for very high-income individuals. we heard from governor romney and we heard from the chairman of the budget committee last fall and this year that there are trillions of dollars of tax expenditures that disproportionately benefit very...
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Mar 21, 2013
03/13
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so they -- where is the deficit? they claim that they reduce the deficit by $1.85 billion -- $is.8$1.85 trillion. well, let's look at that number. what about the sequester i've been talking about? they eliminated the sequester. spending goes up $1.223 trillion. was this scored in their number? no. they are telling us we've got a $1.85 trillion, we got to take off $1.2 trillion because they didn't score. take that off. oh, we've looked at that time more careful carefully. it took us a while to read this. but we've got a good staff and they dug it out. they found out there was no pay-for for the doctors. for the last number of years we have found that the payment schedule for doctors is totally inaccurate you based on a law passed in the 1990's that's cut their payment to a degree that if we cut them another 2 20-some-odd percent, they'd quit taking patients. so we put the money in every year because we have to put the money in. else they won't treat our patients. they can't afford to. and everybody, republicans and de
so they -- where is the deficit? they claim that they reduce the deficit by $1.85 billion -- $is.8$1.85 trillion. well, let's look at that number. what about the sequester i've been talking about? they eliminated the sequester. spending goes up $1.223 trillion. was this scored in their number? no. they are telling us we've got a $1.85 trillion, we got to take off $1.2 trillion because they didn't score. take that off. oh, we've looked at that time more careful carefully. it took us a while to...
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Mar 25, 2013
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deficits have nothing to do, because the federal government reduced its deficit. that doesn't mean wal matt is going to go out and hire a bunch of people. they're not connected and we're having this conversation over and over. >> that's the problem with our side. >> i want to get josh in here. >> the usual circumstance in which government borrowing is crowding out private investment and holding back growth is that interest rates rise because governments trying to borrow money at the same time that companies are trying to raise capital, it makes capital more expensive and it makes difficult for people to invest. we're not seeing it right now. interest rates are extremely low, not just in the short-term, but also in the long run. we have extremely low, 30-year interest rates what that reflects is there's not a lot of demand for capital in the private sector. the government could be boosting the economy by borrowing and spending the money itself. and in the future, if, if we see interest rates starting to rides, that will be in part an indication of expectations of i
deficits have nothing to do, because the federal government reduced its deficit. that doesn't mean wal matt is going to go out and hire a bunch of people. they're not connected and we're having this conversation over and over. >> that's the problem with our side. >> i want to get josh in here. >> the usual circumstance in which government borrowing is crowding out private investment and holding back growth is that interest rates rise because governments trying to borrow money...
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Mar 21, 2013
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when you're dealing with deficit reduction -- i just described how we got into a deficit situation. but when you're dealing with a deficit situation and you say we need to make sacrifices, it is absolutely appropriate and ask who is best able to make those sacrifices? and right now, as i think most americans know, the wealthiest people in this country are doing phenomenally well. large corporations are enjoying record-breaking profits. that's one group of people. meanwhile, the middle class of this country is disappearing, and we have 46 million people living in poverty. so common morality, basic morality says who do you ask most significant throeu help with deficit reduction? do you tell annoyed worker who is trug -- do you tell an unkphroeud -- do you tell an unemployed worker we're going to balance the budget on your back or do you say to a huge profitable corporation that in some cases is paying nothing in taxes, we're going to ask you to help us with deficit reduction? mr. president, it is important for us to do what we do too rarely on the floor of the senate: take a hard look
when you're dealing with deficit reduction -- i just described how we got into a deficit situation. but when you're dealing with a deficit situation and you say we need to make sacrifices, it is absolutely appropriate and ask who is best able to make those sacrifices? and right now, as i think most americans know, the wealthiest people in this country are doing phenomenally well. large corporations are enjoying record-breaking profits. that's one group of people. meanwhile, the middle class of...
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Mar 21, 2013
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what we need over the long term is a sustain away budget deficit. you need the dragon to be an appropriate size relative to gdp. maybe it should stabilize around 40%, 50%, but that allows us over a very long time to shrink budget deficits, and we don't need to focus on doing it over a five to ten-years window. >>> the book is "mr. penny and the dragon of domeville." thank you both. much more ahead. like when i fell asleep at movie night with all my co-workers and i totally dream-snorted myself awake. i actually popped my head back so fast, i'm pretty sure i have whiplash. oh my go... [ female announcer ] stress sweat can happen to anyone, anytime, and it smells worse than ordinary sweat. get 4x the protection against stress sweat. introducing new secret clinical strength stress response scent. ♪ introducing new secret clinical strength stress response scent. vo: to the elegant trim es in each and every piece, bold will make your reality a dream. i took something for my sinuses, but i still have this cough. [ male announcer ] a lot of sinus product
what we need over the long term is a sustain away budget deficit. you need the dragon to be an appropriate size relative to gdp. maybe it should stabilize around 40%, 50%, but that allows us over a very long time to shrink budget deficits, and we don't need to focus on doing it over a five to ten-years window. >>> the book is "mr. penny and the dragon of domeville." thank you both. much more ahead. like when i fell asleep at movie night with all my co-workers and i totally...
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Mar 20, 2013
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new deficit reduction, for a total of $4.25 trillion in deficit reduction since the simpson-bowles report. it reduces the deficit to below 3% of g.d.p. by 2015 and keeps it well below that level for the rest of the ten-year window in a responsible way, and it pushes our debt as a percentage of the economy down and moving in the right direction. mr. president, our budget tackles this issue the way the american people have consistently said they want it done, with an equal mick of responsible spending cuts made across the federal budget and new revenue raised by closing loopholes and cutting wasteful breaks that primarily benefit the rich. this budget cuts spending responsibly by $975 billion, and we make some tough choices to get there. we think every program, including the ones that we know are important, need to be wringing out waste, trimming fat and reducing cost to taxpayers. so $500 billion of our deficit reduction comes from responsible savings on the domestic spending side, including $275 billion in health care savings made in a way that doesn't harm our seniors or our families. we
new deficit reduction, for a total of $4.25 trillion in deficit reduction since the simpson-bowles report. it reduces the deficit to below 3% of g.d.p. by 2015 and keeps it well below that level for the rest of the ten-year window in a responsible way, and it pushes our debt as a percentage of the economy down and moving in the right direction. mr. president, our budget tackles this issue the way the american people have consistently said they want it done, with an equal mick of responsible...
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Mar 18, 2013
03/13
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second to the economy is the deficit. it goats back to the fundamental issue of moderation. this is the achilles' heel for the republican party. everything is just black and white. whereas most folks, most americans in the middle believe in moderation. whether we do our own taxes or finances, we sit down and figure out, how do we cut a little here, save alternates there, increase revenue? so the problem with the republican party is they're out of step how most of us work on a day-to-day basis. that's something that the president has been so good at reflecting in his bigger vision of deficit reduction and the economy as a bigger issue. >>> clarence, you still here boehner say no new ref, though the american people are saying new revenue. they're saying we don't have an immediate crisis, but we need immediate cuts. why are we cutting head start and other things immediately if there's no immediate problem. a new republican leaning poll, a republican-leaning poll says just 16% of americans said the deficit and the debt with their top concerns. 38% said it was the economy and job
second to the economy is the deficit. it goats back to the fundamental issue of moderation. this is the achilles' heel for the republican party. everything is just black and white. whereas most folks, most americans in the middle believe in moderation. whether we do our own taxes or finances, we sit down and figure out, how do we cut a little here, save alternates there, increase revenue? so the problem with the republican party is they're out of step how most of us work on a day-to-day basis....
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Mar 22, 2013
03/13
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they now claim their budget would eliminate the deficit in 2023. and house budget committee chairman paul ryan has even said that it doesn't really matter how their budget eliminates the deficit. mr. president, americans across our country who will feel the impact of the choices we make in the coming weeks and months feel that it does matter. so while some of my republican colleagues would probably prefer not to hear about it, i think that the impact of the house republican budget is a crucial part of this debate, and we owe it to the american people to put our opinions on the record. now we've come a long way, mr. president, but there are still far too many americans today who are unemployed or underemployed, which is why our senate budget's first priority is boosting our economic recovery. speaker boehner has actually agreed with president obama that our debt does not present -- quote -- "an immediate crisis." so you might think the house budget would phase in cuts responsibly so we can protect our fragile recovery. well, instead the house republ
they now claim their budget would eliminate the deficit in 2023. and house budget committee chairman paul ryan has even said that it doesn't really matter how their budget eliminates the deficit. mr. president, americans across our country who will feel the impact of the choices we make in the coming weeks and months feel that it does matter. so while some of my republican colleagues would probably prefer not to hear about it, i think that the impact of the house republican budget is a crucial...
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Mar 18, 2013
03/13
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they're not talking to me about the deficit. they want to know what we're doing as far as putting the american people to work. can you expound upon that for me please? ms. fudge: absolutely. i thank the gentlelady. what we have done in this budget, not only did we put in $13 billion for work force training, for job corps, for dislocated workers, retraining, segment training but in total we have almost $500 billion worth of job creation built into our budget. more than any budget, more than any budget, whether it be the democratic caucus, the white house budget or the republican budget. we have doubled down on jobs in the c.b.c. budget. ms. brown: thank you, madam chair. mr. horsford: continuing on, as the chairwoman of the c.b.c. just talked about, the congressional black caucus budget is an alternative budget for the fiscal year 2014. it puts forth a plan that reduces the deficit by $2.8 trillion over the next decade and creates millions of jobs through significant investments toward job creation that will accelerate our econom
they're not talking to me about the deficit. they want to know what we're doing as far as putting the american people to work. can you expound upon that for me please? ms. fudge: absolutely. i thank the gentlelady. what we have done in this budget, not only did we put in $13 billion for work force training, for job corps, for dislocated workers, retraining, segment training but in total we have almost $500 billion worth of job creation built into our budget. more than any budget, more than any...
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Mar 22, 2013
03/13
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more than 50 chicago schools will now close as a plan to reduce the district's 1 billion-dollar budget deficit. officials say that many of those schools are half empty and that this move will save hundreds of millions of dollars. a louisiana judge is ruling that a new law that bars felons from owning guns violates that state's constitution. residents passing an amendment in november of last year, that challenged law now heads to the supreme court. now for a segment that we like to call what the hill? and you will understand why in just a second it was supposed to be money for the future but 15 years later it's just money down the drain. $24 million in federal funding was spent on a four building complex named after democratic congressman james clyburn. the problem just one building has been built and another 80 million is needed to finish it. that plan to end mail delivery on saturdays just return to served sender. congress has just passed legislation that requires saturday delivery. the postal service planned to stop saturday service lower cost after it lost $16 billion last year. the fbi is
more than 50 chicago schools will now close as a plan to reduce the district's 1 billion-dollar budget deficit. officials say that many of those schools are half empty and that this move will save hundreds of millions of dollars. a louisiana judge is ruling that a new law that bars felons from owning guns violates that state's constitution. residents passing an amendment in november of last year, that challenged law now heads to the supreme court. now for a segment that we like to call what the...
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Mar 19, 2013
03/13
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can't we do just 7% for deficit reduction? i thought the deficit was so important. but maybe not when it comes to our friends protecting the interests of the big corporations and the rich. i thank the presiding officer, and i yield the floor. a senator: i suggest the absence of a quorum. the presiding officer: oh, now the clerk will call the roll. quorum call: quorum call: the presiding officer: mr. leader. mr. reid: i would ask unanimous consent that the quorum call be terminated. the presiding officer: without objection. mr. reid: i now ask unanimous consent that at 11:15 a.m. tomorrow, wednesday, march 20, all postcloture tile be expired, the durbin secondary amendment to toomey amendment be withdrawn with no other second-degree amendments the senate will come to order, the senate proceed to vote if relation to the toomey amendment 115, that upon disposition of the toomey amendment, the senate then proceed to vote on the mikulski-shelby substitute amendment, as amended; that upon disposition of the substitute amendment, the senate proceed to the cloture vote on t
can't we do just 7% for deficit reduction? i thought the deficit was so important. but maybe not when it comes to our friends protecting the interests of the big corporations and the rich. i thank the presiding officer, and i yield the floor. a senator: i suggest the absence of a quorum. the presiding officer: oh, now the clerk will call the roll. quorum call: quorum call: the presiding officer: mr. leader. mr. reid: i would ask unanimous consent that the quorum call be terminated. the...
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Mar 22, 2013
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can we have a safety net that survives and still reduce the deficit? paul ryan says no. >> at least budgets are passing around here for a change. the government's going to have to learn to do more with less, it's not the government's money, it's the people's money. >> the senate democrats are considering a number of balances ever-- >> and house committee chair paul ryan telling us republicans and democrats are still world's apart. well, that is an understatement. we saw that just an hour ago. the democratic-led senate defeating the ryan house budget 40-59. so is there any hope left? here is congressman paul ryan. >> great to see you. >> great it to see you again. >> greta: i want to talk about the budget that passed today, i imagine you're happy. >> we're very happy. we passed a balanced budget and it's important we owe the country a reasonable plan and grows the economy. balancing the budget is not just a statistical exercise it's the necessary means to a healthier economy, it creates more jobs and helps people keep more of hard earned money and a con
can we have a safety net that survives and still reduce the deficit? paul ryan says no. >> at least budgets are passing around here for a change. the government's going to have to learn to do more with less, it's not the government's money, it's the people's money. >> the senate democrats are considering a number of balances ever-- >> and house committee chair paul ryan telling us republicans and democrats are still world's apart. well, that is an understatement. we saw that...
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Mar 20, 2013
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secondarily, if you say deficit reduction, the partisan are leeched out. we are talking about whether it will work to balance the budget. if along the way 35 million become uninsured, that's sad but we don't talk about it because cbo didn't mention it in the score. that's the great trick of paul ryan to recognize if you only talk about budget deficit, where does your budget put the deficit 20, 30 years from now, the amount of things you sneak in under that cloak that you can never put into the conversation in a serious way in normal times is tremendous. that's the central political innovation of his career. >> the favorite thing in the accounting discussion is compare the government to a family, saying you couldn't -- well, families do run debt, they cannot afford to buy their houses for cash, so they have a thing called a mortgage, which is the national debt of the family in effect. they try to oversimplify everything in this, but is there some break through in this point of republicans saying you know what, the debt isn't such a serious problem? >> there
secondarily, if you say deficit reduction, the partisan are leeched out. we are talking about whether it will work to balance the budget. if along the way 35 million become uninsured, that's sad but we don't talk about it because cbo didn't mention it in the score. that's the great trick of paul ryan to recognize if you only talk about budget deficit, where does your budget put the deficit 20, 30 years from now, the amount of things you sneak in under that cloak that you can never put into the...
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Mar 20, 2013
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any party, any household, any company that says is wants to reduce the deficit by meaning don't raise revenue are not serious about cutting the deficit. >> neil: even though we've raised revenue, bottom line. >> we should be willing to close tax loopholes if we didn't have a deficit, if we didn't have debt. it's the right thing to do. >> neil: we raised taxes. >> i didn't say raise taxes, i said close loopholes. republicans call closing loopholes raising taxes because it's the rich that have unfair practice. >> neil: have you filled out your brackets? yes or no. have you filled out your brackets? >> no, i haven't done that. i'm going to leave that to the president. he may be late on that too. >> neil: i'm sorry. thank you very much. >> thank you, neil. >> neil: do you remember this? an interview i said senator paul and senator cruz were whacko birds. that's inappropriate and i apologize to them for saying that. >> neil: after that, senator cruz accepted that apology. is senator rand paul about to do the same? and as nevada mourns the death of seven marines, did their senator blame the
any party, any household, any company that says is wants to reduce the deficit by meaning don't raise revenue are not serious about cutting the deficit. >> neil: even though we've raised revenue, bottom line. >> we should be willing to close tax loopholes if we didn't have a deficit, if we didn't have debt. it's the right thing to do. >> neil: we raised taxes. >> i didn't say raise taxes, i said close loopholes. republicans call closing loopholes raising taxes because...
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Mar 18, 2013
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make sure we have deficit reduction but don't cut too much too fast. take for scamel the sequestration. 700,000 american jobs will be lost. h is not the right time to do it. we have to phase this in and sequence it so we have economic growth and americans paying taxes. that really helps us recover. >> chris: senator corker, democrats and you just heard this sort of from dirk durbin but i heard it in more extreme forms from other democrats say it is more important to have economic growth than to deal with the national debt. your response? >> i think we should have economic growth and obviously we would like to see that happen and i think reducing the deficit helps cre create econoc growth. look, i think it is ridiculous to say that cutting $1.2 trillion over the next decade when we will spend $47 trillion of your money is a step too far. of course, we need to do that. and on top of that we need to build towards the entitlement reforms which obviously are creating the huge dent down the road. i think it was disappointing to all of us to have the presiden
make sure we have deficit reduction but don't cut too much too fast. take for scamel the sequestration. 700,000 american jobs will be lost. h is not the right time to do it. we have to phase this in and sequence it so we have economic growth and americans paying taxes. that really helps us recover. >> chris: senator corker, democrats and you just heard this sort of from dirk durbin but i heard it in more extreme forms from other democrats say it is more important to have economic growth...
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Mar 22, 2013
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-- there was no deficit. we had a surplus. this idea that we hear from the other side that every time you raise taxes, you hurt the economy just defies history. all we are to do is looking at recent history. and especially now at a time when there's such disparity in income, growing disparity in income in our country, and what we're trying to do here is promote growth. and you promote growth by investing in the things that create growth. and we know what they are. we know what they are. they're education. we're going to cut pell grants? my wife when she was 18 months old, her father died. in a car accident. a world war ii vet, decorated world war ii vet. leaving her mom widowed at age 29 with five kids. four girls and a boy. the boy, my brother-in-law neil, went into the coast guard , and he did 20 years in the coast guard, he still works for the coast guard. electrical engineer in the coast guard. he's my -- the second most important man in my son's life. my son was able to get a master's degree in engineeri
-- there was no deficit. we had a surplus. this idea that we hear from the other side that every time you raise taxes, you hurt the economy just defies history. all we are to do is looking at recent history. and especially now at a time when there's such disparity in income, growing disparity in income in our country, and what we're trying to do here is promote growth. and you promote growth by investing in the things that create growth. and we know what they are. we know what they are. they're...
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Mar 21, 2013
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and to created big deficits. and then the onslaught of the great recession in 2008 pushed our deficits even higher. and today, today only one-eighth of the revenues lost by the bush tax cuts have been restored. one-eighth. one-eighth. yet many of the republicans keep repeating their mantra that we only have a spending problem, only a spending problem, not a revenue problem. this is demonstrably not the case. now, we go back in time when i was here when president reagan pushed through some tax cuts when he came in as president, but i would say to his credit, he realized they went too far so he reversed course and supported two income tax increases. well, in looking back just 12 years ago, president george w. bush's tax cuts also went too far. again, contributing to the largest deficit in our history. well, you'd think that we would want to reverse course, but republicans have dogmatically refused to reverse course on these -- on increasing revenues. they stick to their ideological man travment they say, don't touc
and to created big deficits. and then the onslaught of the great recession in 2008 pushed our deficits even higher. and today, today only one-eighth of the revenues lost by the bush tax cuts have been restored. one-eighth. one-eighth. yet many of the republicans keep repeating their mantra that we only have a spending problem, only a spending problem, not a revenue problem. this is demonstrably not the case. now, we go back in time when i was here when president reagan pushed through some tax...
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Mar 21, 2013
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we have reduced the deficit. the only intelligent way to measure deficit is as a percent of the economy. . percent of gdp that is for a simple reason. if you owe $10,000 on your credit card, is that urban some or not? it depends. if your salary is $30,000, 10 thousand dollars is a lot of money. if you are $3 million a year, $10,000 is not a lot of money. we have reduced the debt as a from 10.1%.f gdp it was 10% in 2009. it is now 5.3%. we have cut it in half. the fastest reduction in the deficit since the immobilization after world war ii, it is an inhibiting growth and the economy. i will vote against the sequester. i think we have done what we need to do with debt. we have the deficit down to a managing level. it will continue to come down. the caucus budget will bring it down further. right now, our crisis is jobs. we still have an eight -- we still have a 8% unemployment rate. if we got the people back to work, and our budget will create amillion jobs, if you have five percent unemployment rate by doing nothi
we have reduced the deficit. the only intelligent way to measure deficit is as a percent of the economy. . percent of gdp that is for a simple reason. if you owe $10,000 on your credit card, is that urban some or not? it depends. if your salary is $30,000, 10 thousand dollars is a lot of money. if you are $3 million a year, $10,000 is not a lot of money. we have reduced the debt as a from 10.1%.f gdp it was 10% in 2009. it is now 5.3%. we have cut it in half. the fastest reduction in the...
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Mar 19, 2013
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speaker, our real deficit is unemployment. let's eliminate this true deficit by bringing the president's american jobs act to the floor for a vote. it deserves a vote. mr. speaker, our mantra should be jobs, jobs, jobs. the speaker pro tempore: for what purpose does the gentleman from indiana seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman from indiana is recognized for one minute. >> mr. speaker, i rise today to honor an exceptional hoosier, dedicated public servant and a good friend of mine, martin. a man with a strong desire to help others and a man who has been a tremendous asset to the eighth district of indiana. martin has dedicated over 40 years of service to indiana, the eighth district, and to the republican party. he's currently serving his fourth term in elected office as county treasurer. he worked with many civic organizations and within the republican party, committee chairman and member of the eighth district central comm
speaker, our real deficit is unemployment. let's eliminate this true deficit by bringing the president's american jobs act to the floor for a vote. it deserves a vote. mr. speaker, our mantra should be jobs, jobs, jobs. the speaker pro tempore: for what purpose does the gentleman from indiana seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman from indiana is recognized for one minute. >> mr....
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Mar 26, 2013
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it doesn't get attention, because inside the beltway, the fixation is on deficit reduction, and that's not just among conservatives but centrists who somehow buy the idea that government is going to crush us if we don't immediately and drastically cut now. i don't think they want to cut as much as rand paul wants to cut. and you were right to highlight that part of his budget, increasing the retirement age and privatizing medicare, because i think that's the part of his budget that's going to really crash his 2016 hopes. but to get back to 2014, you know, it's going to be up to obama, particularly, to lead the charge. he's going to have to get out there and get in front and put his political capital on the line to make sure that democrats can win seats. and he and other democrats have to stop talking about the federal budget as if it's a family budget. it's not. it just isn't. they can't use that metaphor, ever again. >> heather mcgee and michael tomasky, let us stop talking of deficits and let us start talking of jobs. thank you for your time tonight. >> amen. >>> in a country rocked
it doesn't get attention, because inside the beltway, the fixation is on deficit reduction, and that's not just among conservatives but centrists who somehow buy the idea that government is going to crush us if we don't immediately and drastically cut now. i don't think they want to cut as much as rand paul wants to cut. and you were right to highlight that part of his budget, increasing the retirement age and privatizing medicare, because i think that's the part of his budget that's going to...
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Mar 20, 2013
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so, deficits get worse, debt gets bigger problems get more inser mount able to me. >> right. soon we'll all look at detroit or greece or cyprus or mexico city. >> do you think that is where we are headed? >> pretty much, it happened during the great depression, it of created not by our economy but the government, we have the great recession right now, if we don't get out of the great recession it is a great depression. neil: all right on that happy note. how it was like, outside of that mrs. lincoln, how of the show. do you think that union unions are down and out? get ready, they are fighting back, and they have a lot of cash, wait until you hear where they are getting it. and wait until you find out what they have named in their corner. >> clash of the corporate tita titans. aig ceo robert whether he will lawyer up against the very folks to bailed his company out. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go
so, deficits get worse, debt gets bigger problems get more inser mount able to me. >> right. soon we'll all look at detroit or greece or cyprus or mexico city. >> do you think that is where we are headed? >> pretty much, it happened during the great depression, it of created not by our economy but the government, we have the great recession right now, if we don't get out of the great recession it is a great depression. neil: all right on that happy note. how it was like,...
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Mar 23, 2013
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there was no new taxes, it would curb spending by repealing obama care and eliminate the deficit in ten years. $4.6 trillion in cuts. zero chance of passing in the democratic-controlled senate, it's dead on arrival. >> lawmakers in the house and senate approved legislation to fund the government through the end of september. that avoids the risk of a partial federal shutdown. in the process, they are on spring break for a couple weeks. what's your take on this? >> my take is the whole financial dysfunction of our congress is mind blow iing. you look at this week. let's say frederick, maryland, where there's air traffic control that will be shut. a tower that was built by the stimulus money. so stimulus money went into this tower. the government saying it's a priority. and the the government because of its dysfunction saying we have to shut is down. that's a perfect representation, i think, of how washington is not doing its job. we can't even pass a budget. it can't even run the books. there's no strategy. when you look at some of the spending cuts, you see a lack of a strategy in ameri
there was no new taxes, it would curb spending by repealing obama care and eliminate the deficit in ten years. $4.6 trillion in cuts. zero chance of passing in the democratic-controlled senate, it's dead on arrival. >> lawmakers in the house and senate approved legislation to fund the government through the end of september. that avoids the risk of a partial federal shutdown. in the process, they are on spring break for a couple weeks. what's your take on this? >> my take is the...
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Mar 20, 2013
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it kills jobs, stifles growth and adds to the deficit. all while making life harder for seniors, women, children and the most vulnerable in our society. the math of the budget just does not add up. simple arithmetic tells you that the only way to pay for mr. ryan's proposed tax cuts for the fortunate few is to eliminate many of the deductions that middle class families count on to pay for housing and health care and to save for their retirement. the ryan tax plan would further burden those who are struggling by substantially lowering taxes for the most fortunate and that's not spend, that's just plain math -- spin, that's just plain math. the vision this budget offers of america is tuth totally at odds -- is totally at odds with who we claim to be. it's a vision of the country where the government is indifferent to the suffering of many while only paying attention to the demands of a few. then there is the other plan that is before us, the democratic plan. with a balanced set of priorities, a better vision for the future, found in the bud
it kills jobs, stifles growth and adds to the deficit. all while making life harder for seniors, women, children and the most vulnerable in our society. the math of the budget just does not add up. simple arithmetic tells you that the only way to pay for mr. ryan's proposed tax cuts for the fortunate few is to eliminate many of the deductions that middle class families count on to pay for housing and health care and to save for their retirement. the ryan tax plan would further burden those who...
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Mar 19, 2013
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i thought the increased taxes would maybe go to taking care of some of the deficit. no. it's simply going to continually expanding the size and scope of dot government, and those taxes are on families, just like obamacare is placing taxes on family. you do not hear the republican leadership saying we're the defenders of the american family, of businesses. we want to unleash this economy so that it will absolutely grow. by the way, about that easter egg hunt. why, if they're going to haste do they even put it on the tickets they were threatening to stall the whole thing? that would be the first time in the history of the easter egg roll that it would have been cancelled for politics. the only other time it's been cancelled, it's for war. it's a stunning thing but all too justify this administration's temper tantrum over wanting to have a complete free rein to spend as much as they want. >> neil: eggs actually. they don't know. i'm done. i'm done. thank you very much. this will be our lead issue tonight. why this guy who did this dance is really wigging out right now. davi
i thought the increased taxes would maybe go to taking care of some of the deficit. no. it's simply going to continually expanding the size and scope of dot government, and those taxes are on families, just like obamacare is placing taxes on family. you do not hear the republican leadership saying we're the defenders of the american family, of businesses. we want to unleash this economy so that it will absolutely grow. by the way, about that easter egg hunt. why, if they're going to haste do...
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Mar 20, 2013
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number two, even if you close the deficit. this is my major concern, you're stabilizing the debt at levels we have never lived. so you are basically saying, hey, i'm happy playing russian roulette with the economy for the next 20 years, i think that's a disservice, and i think we have to be more aggressive in debt reduction for that year. >>> i think it's a brought indictment for anyone who pushes back as being somehow -- with their head buried in the sand and incapable of understanding that we do perhaps have to do something in terms of reforming the social safety net. whether that's means testing or increasing the capacity, being the limit -- i don't questions your commitment or compassion. i question your willingness to run for office to do this. >> there is no way i'm running for office. in ways i can't detail on this program. we will have you back and i had bring my calculator and disprove all your hard right-wing theorems. it's gra the to have you on the program. >>> you say pathway, rand paul says probation, at least he
number two, even if you close the deficit. this is my major concern, you're stabilizing the debt at levels we have never lived. so you are basically saying, hey, i'm happy playing russian roulette with the economy for the next 20 years, i think that's a disservice, and i think we have to be more aggressive in debt reduction for that year. >>> i think it's a brought indictment for anyone who pushes back as being somehow -- with their head buried in the sand and incapable of...
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Mar 18, 2013
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numbersho looks at believe that you can cut the deficit in 10 years while simultaneously increasing defense spending and cutting 35 to 28, as from mitt romney proposed, but 39 to 25%. it is just a pipe dream. >> are we ever going to settle this thing, lois? >> and then we might. i think the charm offensive is working a little bit. mitch mcconnell is speaking well of the president in saying that we have useful meetings. his biggest problem might end up being the democrats, trying to move them through some sort of entitlement reform. >> evan? >> maybe obama has got some secret plans to, but i don't see it. this is too little too late. if he was serious about a grand bargain he would have started in november. instead, he behaved like a political hack for months, and then his polls go down and he says, okay, i guess i got to show i'm being cooperative, so he has dinner a couple of times. it is not. getting. >> charles? >> and has not even produced a budget, which by law was due last month. he says it will be out the week of august 8 bid what the senate democrats have done, and these they have p
numbersho looks at believe that you can cut the deficit in 10 years while simultaneously increasing defense spending and cutting 35 to 28, as from mitt romney proposed, but 39 to 25%. it is just a pipe dream. >> are we ever going to settle this thing, lois? >> and then we might. i think the charm offensive is working a little bit. mitch mcconnell is speaking well of the president in saying that we have useful meetings. his biggest problem might end up being the democrats, trying to...
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Mar 22, 2013
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creating huge deficits. republicans deny care about deficit at all -- do not care about deficits at all. what they do care about is cutting government. to quote grover norquist, it can b t in a bath tu [indiscernible] they call it something else but it would destroy both programs. their goal is to destroy government. corporations paid on average 40% of profits for taxes. arey large corporations 12ing about fall% -- about %. they ryan budget would lower that further. millionaires with a $200,000 tax cut -- would get a 200,000 todollar tax curt. t. host: a tweet -- is true.at if you looked at the budget, we have not had in the great increase in spending since obama took office except the that the food stamps and unemployment insurance. except in food stamps and unemployment insurance. programs we have enacted that are designed to increase during recessions like unemployment andrance and food stamps some money comes into the economy so the recession does not turn into a depression. the large deficits occur beca
creating huge deficits. republicans deny care about deficit at all -- do not care about deficits at all. what they do care about is cutting government. to quote grover norquist, it can b t in a bath tu [indiscernible] they call it something else but it would destroy both programs. their goal is to destroy government. corporations paid on average 40% of profits for taxes. arey large corporations 12ing about fall% -- about %. they ryan budget would lower that further. millionaires with a $200,000...
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Mar 21, 2013
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this year, the democrat deficit would be 164 billion dollars bigger than the republican deficit. and next year, 308 billion dollars, just to give you a sense of it, by 2015 the republican deficit would be down to 125 billion and the democrat deficit 433 billion. there's a big indication of the difference between the parties when you look at the budgets of the budget blueprints of the republicans in the house and the democrats in senate and republicans want to restrain spending and democrats want to continue to blow up the budget and eventually, over the decade add 1 trillion dollars of new taxes. >> sean: yeah, so 1 trillion in new taxes over ten years, a trillion dollars, this is like they know no other way, all right? that's point one, but yet, they still will give us almost trillion dollar deficits as far as the eye can see throughout the entire ten-year period. here is the big issue though, i want to see obamacare repealed, but it's not going to happen through paul ryan's budget plan. the republicans, if they want that to happen, to get ryan's plan through, they're going to h
this year, the democrat deficit would be 164 billion dollars bigger than the republican deficit. and next year, 308 billion dollars, just to give you a sense of it, by 2015 the republican deficit would be down to 125 billion and the democrat deficit 433 billion. there's a big indication of the difference between the parties when you look at the budgets of the budget blueprints of the republicans in the house and the democrats in senate and republicans want to restrain spending and democrats...
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Mar 20, 2013
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modest deficits are perfectly compatible with fiscal responsibility. talk about singing a new tune. and the conservative think tank, the american enterprise institute asks why does the budget need to balance in ten years? debt reduction doesn't require balance, just that the economy is growing faster than the debt, while the plan does put the debt to gdp ratio on a downward trajectory, it probably doesn't need to be quite as steep. ezra klein, this is a big deal, and you're here on this show to prove it is a big deal. you would never come out this late if this wasn't a huge deal. >> absolutely not. >> this is huge. the debt is the reason we have to do all these terrible things to medicare, which we republicans really love. it is just the debt is forcing us to do it. there's no rationale. >> if you read paul ryan's budget, and i have read every iteration, the first ten pages of the budgets is the same, this is a very apocalyptic, mad max scenario about the kind of debt crisis america faces. a crisis which the currency is completely devalued. we print and print money, inflation races
modest deficits are perfectly compatible with fiscal responsibility. talk about singing a new tune. and the conservative think tank, the american enterprise institute asks why does the budget need to balance in ten years? debt reduction doesn't require balance, just that the economy is growing faster than the debt, while the plan does put the debt to gdp ratio on a downward trajectory, it probably doesn't need to be quite as steep. ezra klein, this is a big deal, and you're here on this show to...
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Mar 19, 2013
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deficits are coming down. what is it republicans are going to give us in this grand bargain that we really want that would really be worth cutting the social safety net in the way they want to. i think they may have missed their window for those sorts of changes. >> and it may be their shorthand explanation why they're not doing more governing. thank you both for joining me tonight. >> thanks, lawrence. >>> coming up, sarah palin's jokes and david corn on hubris. this day calls you. to fight chronic osteoarthritis pain. to fight chronic low back pain. to take action. to take the next step. today, you will know you did something for your pain. cymbalta can help. cymbalta is a pain reliever fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day, every day, can help reduce this pain. tell your doctor right away if your mood worsens, you have unusual changes in mood or behavior or thoughts of suicide. anti-depressants can increase these in children, teens, and young adults. cymbalta is no
deficits are coming down. what is it republicans are going to give us in this grand bargain that we really want that would really be worth cutting the social safety net in the way they want to. i think they may have missed their window for those sorts of changes. >> and it may be their shorthand explanation why they're not doing more governing. thank you both for joining me tonight. >> thanks, lawrence. >>> coming up, sarah palin's jokes and david corn on hubris. this day...
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Mar 19, 2013
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deficits are coming down. what is it republicans are going to give us in this grand bargain that we really want that would really be worth cutting the social safety net in the way they want to. i think they may have missed their window for those sorts of changes. >> and it may be their shorthand explanation why they're not doing more governing. thank you both for joining me tonight. >> thanks, lawrence. >>> coming up, sarah palin's jokes and david corn on hubris. we understand. our financial advice is geared specifically to current and former military members and their families. life brings obstacles. usaa brings retirement advice. the day building a play set begins with a surprise twinge of back pain... and a choice. take up to 4 advil in a day or 2 aleve for all day relief. [ male announcer ] that's handy. ♪ when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix (varenicli
deficits are coming down. what is it republicans are going to give us in this grand bargain that we really want that would really be worth cutting the social safety net in the way they want to. i think they may have missed their window for those sorts of changes. >> and it may be their shorthand explanation why they're not doing more governing. thank you both for joining me tonight. >> thanks, lawrence. >>> coming up, sarah palin's jokes and david corn on hubris. we...
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Mar 21, 2013
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we have a jobs deficit. we have a budget deficit. and these are the byproducts of a leadership deficit. we still have no budget from the president, in violation of the law. he gets his ncaa bracket in on time but still no budget. this is the fourth time in five years. he set a new record this year, two months with no plan, while we had trillion-dollar deficits and a debt crisis on the horizon. his party leaders, unfortunately, failing offering a serious account of our challenge. no serious plan to grow our economy or create jobs. no plan to ever balance the budget. take more. trillions of dollars more to spend more in washington. that's what got us in this mess in the first place. so what can be done? the good news is that we now have a vehicle for regular order. the democrats derailed the budget process each of the last few years and stopped governing when they stopped budgeting. at least we now have a budget process that's moving. we brought them back in the game this spring. that's a good thing. so what's going to happen in the we
we have a jobs deficit. we have a budget deficit. and these are the byproducts of a leadership deficit. we still have no budget from the president, in violation of the law. he gets his ncaa bracket in on time but still no budget. this is the fourth time in five years. he set a new record this year, two months with no plan, while we had trillion-dollar deficits and a debt crisis on the horizon. his party leaders, unfortunately, failing offering a serious account of our challenge. no serious plan...
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Mar 18, 2013
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paul ryan's plan calls for us getting out of the deficits in ten years. senator paul said, i can do it in five. what do you think of that? >> i think he could and he has put forward plans in the past that show he can. and like i said, going back to the communication factor. he knows how out of control the government is, whether it's sending money to people who are burning our flag or giving money to college students to come up with a menu how we'll eat on mars, and he has an ability to communicate with young people and voters as a whole what is important and what isn't. and we have seen him become a hybrid. he is a republican but has a libertarian base and ising which that republicans have been striving for but hasn't found the right candidate and right now rand paul looks like he is on his way. >> neil: obviously ruffled john mccain's feathers, and john mccain kind of apologized for how far this went. react to this. >> in an interview i said that senator paul and senator cruz were whack obirds. that was anyone appropriate and i apologize to them for sayi
paul ryan's plan calls for us getting out of the deficits in ten years. senator paul said, i can do it in five. what do you think of that? >> i think he could and he has put forward plans in the past that show he can. and like i said, going back to the communication factor. he knows how out of control the government is, whether it's sending money to people who are burning our flag or giving money to college students to come up with a menu how we'll eat on mars, and he has an ability to...
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Mar 26, 2013
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at least we have a budget now and at least democrats now can show that deficit reduction can be done responsible. responsibly. >> the lack of a bunt has been an effective talking point for republicans. why do you think they haven't reached an agreement? >> because they're democrats. they have a hard time reaching an agreement about anything. that's why they're democrats. the progressive caucus shows that it is possible to reduce the budget deficit by taking even more away from big corporations reducing corporate welfare to an even larger extent reigning in tax loopholes, and so-called tax expenditures. the democratic budget and senate budget is a very good place to begin. i think the progressive caucus's budget is much better. >> analysts are saying this budget is to the left of obama. many on the left would say we should have expected that. does this give the president the opportunity to bring people together and get some sort of grand bargain by throwing things less liked under the bus. >> there is not going to be a grand bargain. the right wing controls the republican party. the t
at least we have a budget now and at least democrats now can show that deficit reduction can be done responsible. responsibly. >> the lack of a bunt has been an effective talking point for republicans. why do you think they haven't reached an agreement? >> because they're democrats. they have a hard time reaching an agreement about anything. that's why they're democrats. the progressive caucus shows that it is possible to reduce the budget deficit by taking even more away from big...
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Mar 19, 2013
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reduction a year when last year our deficit was $1.2 trillion. so this budget plan increases taxes, it increases spending over our current rate and it does nothing to change the debt course of america. we need a plan that can balance the budget. we can do that and still increase spending every year. it will balance in ten years if we stay disciplined, but that's not the plan that's on the floor, and our colleagues need to study it and do not need to be voting for a plan that makes no change in our debt course, that does not create quote but simply borrows more. i thank -- i see my colleague, the democratic whip, i will call him, and would appreciate the opportunity to share these remarks and would yield the floor. mr. durbin: mr. president? the presiding officer: the senator from illinois. mr. durbin: i thank my friend from alabama for yielding. i have 13 unanimous consent requests for committees to meet during today's session of the senate. they have the approval of the majority and minority leaders. i ask unanimous consent these requests be ag
reduction a year when last year our deficit was $1.2 trillion. so this budget plan increases taxes, it increases spending over our current rate and it does nothing to change the debt course of america. we need a plan that can balance the budget. we can do that and still increase spending every year. it will balance in ten years if we stay disciplined, but that's not the plan that's on the floor, and our colleagues need to study it and do not need to be voting for a plan that makes no change in...